Gas prices fairly stable as Thanksgiving approaches
By KATU.com Staff and News SourcesPORTLAND, Ore. - The retail price of gasoline rose half a cent this past week in Oregon, to a statewide average of $2.76 per gallon. That's according the latest analysis from AAA Oregon/Idaho. Meanwhile, the national average for gasoline at the pump dropped 3 cents to $2.63. "Retail gas prices are holding fairly steady," said Marie Dodds, director of government and public affairs for AAA Oregon/Idaho. The main factor, she said, is crude oil prices - which remain below $80 per barrel. "The weak dollar and investor optimism continue to be the major factors driving oil prices," Dodds said, "even as demand for fuel remains soft and supplies are vast." Gasoline is more expensive now than it was a year ago when the global economy was in a tailspin. The national average in November 2008 was $2.09 and Oregon's was $2.25. Pump prices were falling an average of 2 cents a day, before bottoming out in late-December below $2 a gallon. In short, consumers can expect to pay roughly 60 cents more a gallon than during Thanksgiving 2008. "We'll get a good idea of the mood of consumers next week during the Thanksgiving holiday," Dodds said, "as we see how many travelers hit the road for the four day weekend and how much is spent on gas, travel, and gifts as the holiday season kicks off." Meanwhile, diesel prices are holding fairly steady. The national average dropped a penny to $2.82, while Oregon’s average remains at $2.85.
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